TANCET MCA Profit And Loss Previous Year Questions (PYQs)
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If Rakesh borrows Rs. 36,000 from Sathesh at rate of interest 6% S.I. at the end of four years, how much interest Rakesh has to pay?
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Solution
Simple interest $= frac{P imes R imes T}{100}$
$= frac{36000 imes 6 imes 4}{100}$
$= 8640$
Hence, the required interest is Rs. 8,640.
$= frac{36000 imes 6 imes 4}{100}$
$= 8640$
Hence, the required interest is Rs. 8,640.
A vendor bought 6 toffees for a rupee. How many for a rupee must he sell to gain 20%?
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Solution
CP per toffee $=1/6$
SP $=1/5$ ⇒ 5 per rupee
SP $=1/5$ ⇒ 5 per rupee
Tarun got 30% concession on the labelled price of an article and sold it for Rs.8,750 with 25% profit on the price he bought. What was the labelled price?
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Solution
CP $=7000$
MP $=10000$
MP $=10000$
The difference between the compound interest and the simple interest on a certain sum for 2 years at 6% per annum is Rs.18. Find the sum.
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Solution
$P(0.06)^2=18 ⇒ P=5000$
A man deposited Rs.1,000 in a bank. In return he got Rs.1,331. Bank gave interest 10% per annum. How long did he keep the money in the bank?
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Solution
$1000(1.1)^n=1331 ⇒ n=3$
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